National Australia Bank's new Chief Executive Cameron Clyne has taken on the dual role of NAB group chief executive and NAB Australia chief executive, sidelining current Australia CEO Ahmed Fahour to a floating executive director role "working with me and other key executives, on operational, commercial and strategic challenges." Clyne, the former CEO of BNZ, has effectively sidelined Fahour, who also applied for the Group CEO's job. The full announcement is here. * This article was first published earlier today in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.
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